Buyer Developer beware!
We have had a few instances lately where our developer clients have purchased a house on a decent sized parcel of land with the view to developing it into a torrens subdivision (and building a second house).
On face value it ticked all the boxes:-
- Gentle slope to the street
- Good Northern orientation for private open space
- Clear access for the new dwelling’s frontage
- Services available
- Block size meeting the DCP requirements
- Existing house in good condition
Once we carried out our mandatory investigations we established the following:-
- The existing house has a non – compliant addition which will need to be rectified prior to Council consent being granted
- The area has (since the purchase) been dedicated as a Heritage Conservation Area, which means that any new building must comply with the Heritage guidelines. This includes building in weatherboard construction, 2700mm high ceilings, increased roof pitch, Colorbond roof, heritage garden design, heritage detail fencing….
This has taken an initial budget from $200k to around $250k – this could have been avoided if we had been engaged at the outset.
Have your builder assess your site BEFORE you buy!!